SOLUTION: The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's future value​ A, or the total amount due at time t. P=​$7000​, r=4.0​%,

Algebra ->  Equations -> SOLUTION: The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's future value​ A, or the total amount due at time t. P=​$7000​, r=4.0​%,       Log On


   

Question 1202220: The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's future value​ A, or the total amount due at time t.
P=​$7000​, r=4.0​%, t=3 months
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
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D U P L I C A T E


Just solved, answered and explained under this link

https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1202221.html

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To see many other similar  (and different)  solved problems on simple interest accounts,  look into the lesson
    - Simple interest percentage problems
in this site.

Learn the subject from there.